Bitcoin Forum

Paradefi.
 
Paradefi is a pool-based decentralized lending platform in which borrowers and lenders interact with each other based on a smart-contract algorithm. The Paradefi Foundation aimed at creating a non-custodial decentralized borrowing and lending platform in which every loan activities and procedures can be easily securely done within a few seconds by using the advance of the blockchain technology.
 
The platform is well-developed to a non-human control where all the annual percentage yield (APY) is defined by supply and demand.  

Official website: http://www.paradefi.com
 
Decentralized Pool-Based Strategy.
 
This is the improvement of a decentralized P2P lending module in which caused many barriers with direct deals matching mechanism. Both lenders and borrowers will interact with each other by a pool contract, all assets are stored in a secure pool, and APY is technically defined by the supply and demand. Once a borrower places collateral, they can borrow an instant loan without matching with any lenders
 
Fiat On-ramp And Off-ramp.
 
Paradefi is the pioneer in the defi space that enable liquidity for the fiat on-ramp and off-ramp, the liquidity from crypto to fiat and opposite has been the barrier for years. Moreover, direct liquidity from the decentralized can help citizens to avoid being scammed by dealing with other crypto dealers.
 
Even when the Dapp is not officially launched yet, but the Paradefi team has successfully integrated with over 50 currencies worldwide, a majority comes from the world’s most crypto-friendly countries. Paradefi securely resolves this issue, so liquidation is the key to any mass adoption.
 
Paradefi Token.
 
Paradefi token (PRT) will be spreadly used in our ecosystem and products, and at the fundraising stage, PRT will be a speculative asset for our pioneer holders. Our total fund target is only over 1m$ for the development of the project, it is managed to take 4 rounds, 2 for the seed rounds, and other for private and public sales. Seed rounds can be canceled at any time
 
A pool of PRT is dedicated for the Dapp platform, the team has decided 30% of the total supply for the decentralized lending platform. PRT is prioritized and utilized widely in the platform, PRT offers better interest rates and loan value.

Governance Token

Launch A Beta Version Of Governance on the Ropsten Testnest - Govern the ecosystem by a vote

To increase the role of the community in the Paradefi decentralized platform, the team has been building a user-friendly governance interface for Paradefi Ecosystem, that has been one of our accomplishment to be completed
 
Big PRT holders also have rights over the governance, all the decisions and changes can be done by the votes from PRT holders.

After checking the link to the website you posted, it seemed like it was down or the website is empty. Kindly check if it's working as intended. In addition, kindly post all the necessary details of your project (i.e. whitepaper, project team, etc.) for curious and potential buyers. Thanks!

https://i.postimg.cc/NFwpfvMz/Screen-Shot-2020-08-23-at-10-23-40-PM.png

This project need more clarity.Without having proper information how any one would be interested.First need to fix or whatever your site.And then you should provide your whitepaper.

Waiting for a response from the Paradefi team. until now the website has not been accessible and not much information has been displayed. The link to Paradefi's twitter account is also inaccessible, please fix it.

besides that, is it true that Paradefi Oracle Network Powered by Chainlink?

Paradefi’s mission is to make DeFi accessible, scalable, and transparent to the global. Integrating with Chainlink’s Oracle Solution will bring real-world data on any events happening in the system securely and accurately.

Open Finance movement takes this promise a step further, So it's better for the decentralized finance.

The Paradefi Protocol was created to resolve all the deficiencies and issues cause by the centralized financial institutions worldwide and aimed to create an open-source and non-custodial decentralized platform in which all the operations are based on the decentralized lending pool.

Without the full information how can anyone will be interested on it.Your site can't accessible. Devs need to be serious on it and fix it soon.

Imagine a global, open alternative to every financial service you use today. savings, loans, trading, insurance and more . accessible to anyone in the world with a smartphone and internet connection.

Don't you think that if the price rise than it can be tough who borrowed the money.Might he/she have to pay a lot for what they borrowed.Demand Supply is very unstable thing. to predict the future and pay back .....  ???

 the biggest risks of DeFi applications is,The smart contracts could be hacked.There could be a backdoor that allows someone to steal all of  keys. What is the backup plan for this you have.Because we have to trust this and we need reason for that.

I thought it was just an error since last 2 days but its website still what it is but empty, DNS is not even set.
Upon looking it up its just registered last month - 2020-07-21.  https://who.is/whois/paradefi.com Its a lending and borrowing platform like they said in thier medium articles.


If they are going to be in a hurry to join the defi hype, there will be more risk. They better audit thier codes else it will end up like YAM.

To join the IDO sale, you need to have some eth in your wallet, then transfer it to Metamask wallet, and only Metamask is accepted during the IDO

How can they hold an IDO, while their main website is currently in trouble and people who want to join are definitely not from among the new investors who see DeFi project right away, I think those who want to join this IDO seem to be carefull.

exactly! the site can't be reachead at this moment
and the team should fix it as soon as possible, if not this project will be dead before born

And I am noticing that there are a lot of newbies who are posting here saying positive statements and yet their website is still down. The OP has not come back yet to clarify things. How are they going to hold their seed round on their website this coming 27th if they are not yet up and running? And yet, we will find out later on that they got their funds, how? Manipulation of numbers?

https://i.postimg.cc/4NyQps0Y/Screen-Shot-2020-08-26-at-6-42-12-AM.png

This is really weird, while he say in another thread in altcoin discussion, in the opening paragraph something about paradefi has 8 months development. it was obvious that it was just nonsense sentence. See https://bitcointalk.org/index.php?topic=5270725.msg55047375#msg55047375

 As your whitepapaer, the defi market cap has roughly reached a total value of 3.25 billion locked in the active defi platforms.Ho much market you probably gonna capture. Is there any planning?

For those unfamiliar with DeFi lending, here’s a quick glance at what makes it unique:

Permissionless – Anyone can lend their assets across the protocol(s) of their choosing at minimal costs.

Automated – Smart contracts follow pre-established parameters to issue, monitor and service active loans.

Non-Custodial – Virtually all DeFi lending protocols do not require users to transfer ownership of their underlying assets. This means they can come and go as they please without any guidance or approval from a third party.

Secure – Major lending protocols have been rigorously audited, meaning that funds supplied to lending contracts are backed by the most robust code in the world.

Dynamic – Most major lending protocols today offer variable interest rates which are automatically adjusted relative to the supply and demand of any given asset.

Stress-Free – Interest earned from lending is collected automatically, meaning there is little to no degree of maintenance required by end-users to earn a passive income on the most popular cryptocurrencies.

Tokens are becoming increasingly popular in the cryptoeconomy for giving users a direct stake in managing DeFi platforms.

Governance tokens, which give holders the right to influence the direction of decentralized finance projects, have been among the biggest hits in the Ethereum ecosystem this year.

In this current pandemic situation , people are dying every day,economy is not so well, people are investing gold. Crypto can be a good investing section but the risk is more out of way.

What is your interest rate? Borrower have to pay and lender must need some profit.how will you calculate this.

Do you have any referral program or any commission based system so that i people i could sell your token and get benefited form this.

To participate in the referral program, what you just need to do is
to visit the curve platform to grab your unique referral link. And
send it to your loved friends

Lending products in DeFi currently offer superior interest rates to many traditional financial products, which has attracted a number of proponents and lots of excitement about the potential opportunity.

The current situation in DeFi can be compared with ICO craze and the development of other attractive investment opportunitie

What the hell is ? where is your website?

Borrowers and lenders are not asked to negotiate over terms,
periods, and rates, the Paradefi Interest Rate mechanism manages
an equilibrium.

DeFi may not be fueled by aggressive speculation and market manipulation in the same way ICO’s were,
but the impressive returns offered by DeFi products likely stem from systemic risks that are not always appreciated by investors.

How do you automate trades, lends, borrows, and portfolio management strategies based on market cases?

The use of peer-to-peer intermediaries allows to circumvent limitations inherent to DeFi, where the protocol cannot recover a borrower’s loan outside of the blockchain.

Is there anything to Portfolio management of a borrower ot other related entity to this plat form.

.Paradefi offer fiat on-ramp and off-ramp gateway for fiat liquidity, with its advanced smart contract, we can automate fiat payment securely and accurately by using the solution of the oracle. The smart contract will source exchange data from Chainlink price oracles that allow users to liquid their crypto assets to their preferred fiat.

It has become a movement that
leverages blockchain technology to enable pooled lending and
borrowing platforms and transfer of funds without intermediaries
or centralized government systems.

Bitcoin and other cryptocurrencies
have promoted their business models with the outstanding purpose
of “banking the unbanked”

In order to properly function, all loans are secured using cryptocurrencies as the underlying collateral. Thanks to the advent of smart contracts, users are now able to immediately pass the due diligence process simply by staking the assets in their wallet as a proxy.

While the trustless nature of DeFi loans are certainly exciting, there remain significant barriers to entry for the average user. First and foremost, in order to obtain a DeFi loan, users must be well versed with both Metamask and secondary exchanges to purchase and transfer Ether to the wallet being used to obtain a loan.

The potential of blockchain technology
and the spread of crypto-based financial services would form a new
world named decentralized finance.

Seeing as the assets being used as collateral are still extremely volatile, DeFi loans require a significant amount of risk tolerance. Combined with the fact that issuance and stability fees are constantly changing

It depends on how the platform will strategize to avoid possible losses. And I don't think they will design their system at their own demise. It will always be on their advantage. But of course, they need to be competitive as DeFis are getting hyped these days, and they will offer their clients the best service as much as they can. Or sometimes even offering a very tempting program which may not be catered at all.

The prerequisites for each borrow position is to place authorized
collateral, Allowed-Loan-Value (ALV) is algorithmically decided
by each collateral at a specific time.

When a trader goes under margin maintenance (15%), they are only partially liquidated, bringing their current margin to 25%. Only liquidating as much as necessary reduces the risk of slippage from large liquidations.

there is an insurance fund which protects lenders. In the case that a lender would lose their principal, the insurance fund will automatically disburse funds to the lender.

 The nodes of the protocols will be a kind
of validator with the computing cloud-based infrastructures in
contract to a various amount of physical infrastructures with
traditional centralized banking systems.

User data will be transferred through the computing cloud-based
system that is strictly monitored by the validators of the protocolsand its algorithms smart-contract.

Due to the impact of the health pandemic and economic crisis, we
have observed a world of zero or negative interest rates in
comparison to a yearly yield of 5-9% of decentralized finance.

there are a significant number of potential risks that the
Paradefi system may face in the near future.

. In a rapidly evolving lending market, we find it important to keep our sights set on those platforms garnering the most traction.

All lending platforms require posting more collateral than what is borrowed, heavily limiting the possible use cases of blockchain lending.

As they said "The smart contract will source exchange data from Chainlink price oracles that allow users to liquid their crypto assets to their preferred fiat"It's not bad thing

The consensus contract on the Ethereum blockchain defines each
figure of the functions and validators in the decentralized systems.
Once consensus reached a certain value, the validators will work
on that to initiate the loan and calculate the interest rate
algorithmically.

With DeFi loans requiring no proof of identity and instantaneous disbursements, there are clear advantages for techy savvy users looking to obtain additional capital. But, with the setbacks listed above, it’s safe to say that DeFi lending is current trustless at a cost.

Taking this a step further, many loan providers often have restrictions related to who they will lend to, and the amount that individual will be able to obtain. Common restrictions include age, geographic location and minimum income thresholds.

When a lender
deposits an asset, it will be assigned to the pool, the interest rate
will be based on the supply and demand at a time.

Paradefi money markets are defined by an changable interest rate,
applied to all borrowers in the protocol, which adjust over time as
the relationship between supply and demand changes.

Borrowers handling payments electronically reduces the need to process checks manually, as well as print and mail monthly statements.

Lenders who offer loan origination are able to impress applicants with the speed and ease of their process, thereby increasing their chances of capturing loan opportunities.

Decentralized lending and borrowing platforms are some of the most remarkable developments on the DeFi landscape. DeFi lending & borrowing platforms let users supply and lock their funds into smart contracts from where other users can borrow and pay interest on them. Each loan is collateralized by crypto.

Investor signs a transaction and approves the funds they’d like to lock using the protocol.The asset is instantly added to the global supply pool (the money market)

In Defi space, a bonding curve distribution may be a new term to newcomers, but it is an innovative way to price and allocate tokens.

I’d like to see non custodial solutions like compound compete with custodial ones for interest rates on assets like ETH and BTC (and ideally with that, a noncustodial WBTC solution). Not sure what that would take given higher rates on sites like Celsius or BlockFi are because they are managed. The true defi future to me is more totally trustless, KYC-less financial products with more blockchain options across a variety of chains.

Like other Ethereum-native tokens, users will be able to transfer these tokens off their Vault to any other ERC-20 compatible wallet. But it’s unclear whether or not exchanges will support markets for these coins.

Greater capital access: participants residing in capital-controlled countries can obtain access to unseizable stablecoins that give them exposure to other currencies.

Lower set up costs/turnaround time: unlike the traditional financial industry, it is extremely fast for any user to borrow funds at market rates, removing any intermediary crediting agencies.

Ability to transfer borrowed capital across platforms and trading venues / jurisdictions: As with cryptocurrencies, tokens on Ethereum benefit from blockchain for trade or moving assets.

The key benefit for lenders is to enable them to use the capital held in Ethereum tokens to generate yields.

Interest rates exist for each asset based on real-time market dynamics. When there is an excess of demand from borrowers, the interest rate would increase whereas an excess of lendable amount would lead to lower interest rates

The upside could be life-changing, if sized appropriately, the downside could be the equivalent to a bad day in the markets. Couple that with the fact that this “hedge” is both uncorrelated to nearly everything else, and at the same time it lacks the term risk of most hedges, bitcoin doesn’t decay like options, or credit derivatives.

The second most common narrative is, digital assets as a form of currency or medium of exchange. Equally as important as the store of value narrative.

liquidity risk-if there is alot of people pulling supply out you might not be able to withdraw

impermanent loss-if you provide liquidity to a pool you can lose money to arbitrageurs

Can op change the website link https://www.paradefi.network/ to https://paradefi.network/ ?, because I thought that website could not be accessed, it turned out to be a trivial matter, and also after frist seed round is there another tokensale like pre sale or public sale? because I left a lot of information due to errors on website links.

Paradefi has official collaboration with Bitcoin Indonesian Alliance (BIA) now, the biggest crypto community in Indonesia and South East Asia.

the defi market cap has roughly reached a total
value of 3.25 billion locked in the active defi platforms. However,
in comparison with the market cap of 298 billion, nearly 91 trillion
of physical money in the world

the tr aditional banking system
has gone worse over the last decades. There are also a significantnumber of banks and capital groups that have gone bankrupt, where
the value of money inflates.

To stay up to date with DeFi lending, check out our newsletter where we discuss changes to DAI and USDC interest rates and top stories regarding lending projects!

banks now are unsafe and tricky with
investors' money, many even do not guarantee the integrity of the savings deposit.

Since
bankruptcy is legally accepted in a majority of countries, it makes investors feel risky and doubt before taking any investment
actions.

The Federal Reserve announced it would drop interest rates to zero and buy at least $700 billion in government and mortgage-related bonds as part of a wide-ranging emergency action to protect the economy from the impact of the coronavirus outbreak.

this marks the most dramatic
steps since the 2008 financial crisis to bolster the U.S economy in the face of coronavirus pandemic.

At this point when you can see that USDT is the highest gas consumer on ETH, and you are not able to link that a stable currency is more important than a fast payment, then there is no hope for you to understand these markets.

Peradefi has traditionally placed emphasis on DeFi composability, featuring flash loans and using other protocol tokens as collateral.

leverages a native token  lend that provides holders with discounted fees. In the near future, lend will also be staked for governance and as a first line of defense for outstanding loans.

DeFi is short for Decentralized Finance. Decentralized Finance includes digital assets, protocols, smart contracts, and dApps built on a blockchain

Aside from smart contract risks, Compound Finance also has risks similar to bank runs. This risk revolves around Compound’s “utilization rate”, or how much of lenders’ assets go out to borrowers. For example, if 70/100% of all lender assets go to borrowers, the utilization rate is 70%. This means only 30/100% of lender assets are available for withdrawal.

Regardless, a “run on Compound” is less likely to happen than a bank run. Bank runs usually happen because of banks’ financial mismanagement. And people don’t know about that until it’s too late. Due to the transparent nature of blockchain, users would probably spot anything fishy way before any run on Compound.

Though many fixate on the high interest rates for lenders on Compound, actually taking out a loan yourself isn’t too bad either. All you need is some crypto to deposit as collateral. No credit checks, income statements, or delays.

That’s not all though. The smart contracts also determine interest rates with fancy algorithms that look at Compound Finance’s supply and demand at any given time.

There is no minimum for either lending or borrowing
Lenders earn interest about every 15 seconds (every Ethereum block)
You can use Compound for as long as you like, without any penalties
Compound Finance ID Verification

For both lenders and borrowers, the main risk with Compound Finance is the potential for hackers to exploit or hack the smart contracts that make Compound work. By doing so, they could steal crypto locked up in Compound’s smart contracts.

Even banks, which people often compare crypto to, have some level of risk (aside from hidden fees, lack of privacy, and limited control over your money).

If something were to prompt lenders to withdraw all their crypto from Compound at once, this would be a problem.

To combat this, Compound uses their interest rate model. When borrowers borrow a lot, the utilization rate goes up. The interest rate will then increase to incentivize lending, while simultaneously disincentivizing borrowers from borrowing more.

Regardless, a “run on Compound” is less likely to happen than a bank run. Bank runs usually happen because of banks’ financial mismanagement. And people don’t know about that until it’s too late. Due to the transparent nature of blockchain, users would probably spot anything fishy way before any run on Compound.

Not to mention Compound’s high interest rates for lenders, near-instant interest payments, absence of loan terms or penalties, and accessibility by anyone anywhere make it too good to pass up on. Especially compared to boring old banks.

But in recent years, crypto dividends has emerged as another way to make money with crypto. The key difference with crypto dividends is that it is crypto passive income. Sometimes it can be as simple as making a few clicks and making crypto while you sleep!

It’s important to keep your cryptocurrency safe and away from hackers. However, you’re not earning any money on your crypto assets if they are simply sitting in a hardware wallet. This is especially true in a bear market when the prices go down.

I just daw that they canceled the second seed round.and the are saying,"This is due to huge demand with our platform token and market manipulation risks if the seed round 2 as mentioned will not be locked for some time. Moreover, we have finished the 1st seed round and the Paradefi network team believes the first distribution is enough and good for token price stability."

to increase the role of the community in the Paradefi decentralized platform, the team has been building a user-friendly governance interface for Paradefi Ecosystem, that has been one of our accomplishment to be completed.

Crypto lending is not something you should go into blindly. There are always risks involved, especially when it comes to default risk or security risks.

Regarding default risk, you should keep in mind that people who are attracted to these sorts of loans may have a bad credit history and are usually deemed a high risk of default.

Crypto lending is essentially for people who are bullish on the future of cryptocurrencies and understand that they may end up with crypto returns rather than fiat in the case of a default. Lenders understand that the markets are volatile and it may take some time to recover the fiat amount lent out.

If you’re a borrower looking to put your crypto up for a loan, you need to consider the security risks.

As for the lender, even in the worst case scenario where the borrower disappears or defaults, they at least have cryptocurrency as compensation – along with the hope that it will be worth even more in the future.

Whether you want to convert your crypto to fiat and lend it out or get a cash loan off the back of your crypto, there are plenty of benefits. While lending platforms may give loans to people with bad credit history, they have to put their crypto up for collateral.

Crypto lending is essentially for people who are bullish on the future of cryptocurrencies and understand that they may end up with crypto returns rather than fiat in the case of a default. Lenders understand that the markets are volatile and it may take some time to recover the fiat amount lent out.

Regarding default risk, you should keep in mind that people who are attracted to these sorts of loans may have a bad credit history and are usually deemed a high risk of default.

If you are lending in the scenarios below you are loaning your assets to the platforms featured with the expectation that you will earn interest on your crypto assets. Your goal is the return of your original sum, with earned interest.

Demand for borrowing in the DeFi world comes as a result of either margin trading on decentralized exchanges or from borrowing on DeFi applications. The constant fluctuation of demand and supply on DeFi applications results in yields that are fairly volatile

The community governance allows a defi protocol to move forward a flexible financial architecture without any disadvantage dependence on any centralized institutes. As a result, the scalabilities are expanded strongly.

each Defi project not only compete with each other in the blockchain technology but also in the evolution of AIPs. During the Beta test, Paradefi invites random users to experience the governance votes as well as to test the AIP as one of our core proposals for the community. Each valuable voted will be codified into the source and submitted to the developers’ team to validate that.

In the case of decentralized finance, smart contracts are supposed to be its foundation layer as they are self-executing and do not require intermediary oversight. Ethereum introduced the concept of DeFi, which is why most of the DeFi applications are built on Ethereum blockchain

DeFi lending allows traders or investors to deposit Crypto for fiat to fulfil other needs without selling off. For instance, a business that holds crypto assets and won’t want to sell to execute a project could simply approach a DeFi lending platform to deposit Crypto for fiat to execute the project.

The cryptocurrency space, in general, are volatile, which often sends investors packing. Therefore, if the investor doesn’t want to get burnt in the market, frustrating price swings, the investor, or holder sell-off at bull run, however, DeFi lending provides an opportunity for the investors who want to hold Crypto for a specified time.

In DeFi lending, investors and lenders issue a loan or deposit fiat for in interest through a distributed system and a decentralized application. On the other hand, an individual or business borrows money for interest through a decentralized network. Both lending and borrowing make use of DApps, Smart contracts, among other DeFi protocols.

Also, DeFi lending allows traders or investors to deposit Crypto for fiat to fulfil other needs without selling off. For instance, a business that holds crypto assets and won’t want to sell to execute a project could simply approach a DeFi lending platform to deposit Crypto for fiat to execute the project.

What happened is that you opened a DApp which hosts a smart contract and a pool of borrowers. So at the click, you decide what interest rate you want to give out a loan, if favouring, then lending is on the way. Concurrently, the smart contract automates lending and borrowing agreement.

As a crypto asset holder, you don’t need to sell off to avoid the bears. Rather, you lend it out with agreed interest rates defined in the smart contract. Within the stipulated time, you earn your money with interest.

As team said the project we will be listed soon in at least 3 Dex and 3 centralized exchanges. It should be in October. Also as they said more exchanges will list at the end of 2020. It is preatty big plans I think, so team need to do a lot of work to reach the goal